December 12, 2024
The Long View—a series from GEM’s Co-CIO, Matt Bank— explores a range of topics relevant to the fiduciaries and allocators of institutional capital.
In Part I of his three-part series on the Endowment Model, Co-CIO Matt Bank discussed the problems with characterizing the model in static, monolithic terms, arguing for a more flexible and nuanced definition.
In Part II, he described some of the flaws in conventional ways that endowment portfolios are measured and evaluated, proposing instead a distinct set of guidelines for determining success.
In this final Part III, Bank examines what it will likely take to be successful investing endowment-style portfolios over the next decade. Even as markets become more competitive every day, he explains why he believes that a combination of institutionally driven portfolio construction, manager sourcing intensity, process efficiency, and organizational alignment is a clear path to differentiated success.
Kelly Barofsky, a Managing Director in GEM’s Investment Research Group, spoke with PitchBook about the continued momentum behind independent sponsors and why deal-by-deal structures can create strong alignment between sponsors and investors.
Head of Venture Capital, Kate Simpson, joined the Swimming with Allocators podcast to discuss how GEM constructs its venture portfolio, why the market has bifurcated, and where disciplined manager selection creates the most compelling opportunities.
Our 2025 Impact Report explores a key question shaping the future of impact investing: how can investors support AI’s development and deployment in ways that maximize its benefits while mitigating its risks?
Let’s start a conversation about how we can help.
